This report is an updated version of the report published on 17 September 2026 at 11:29 AM AEST. 

Company Overview: TechnologyOne Limited (ASX: TNE) is an enterprise software company with a growing global presence. Its SaaS+ (Solution as a Service) ERP platform delivers fully integrated, industry-specific solutions with end-to-end accountability across implementation, support, and upgrades. Artrya Limited (ASX: AYA) is an Australian medical-technology firm developing AI-powered software to detect, diagnose and manage coronary artery disease. Its flagship product, “Salix”, uses deep learning to analyse coronary CT angiography scans, helping physicians identify plaque, assess risk and streamline workflow. Kalkine’s Inflation Report covers the Investment Highlights, Key Financial Metrics, Risks, Outlook, Technical Analysis along with the Valuation, Target Price, and Recommendation on these two stocks.

Section 1: Introduction

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